House panel directs government to make Kurtha-Jayanagar train service effective
The Development and Technology Committee of the House of Representatives has directed the government to make Kurtha-Jayanagar train service effective. Saying that many problems have arisen as the concerned authorities have failed to give proper attention for the operation of the 35 km train service, the House Committee on Wednesday directed the government to make the service effective. Committee Chairperson Kalyani Khadka said that the panel has directed the government to hire required manpower, establish a workshop and a fuel center to improve the train service. Similarly, the committee has directed the government to start the works of establishing necessary electric infrastructures on the railways, giving priority for the operation of electric trains.
Nepse surges by 2. 86 points on Wednesday
The Nepal Stock Exchange (NEPSE) gained 2. 86 points to close at 2,057.84 points on Wednesday. Similarly, the sensitive index surged by 0. 60 points to close at 398. 29 points. A total of 3,678,705 unit shares of 223 companies were traded for Rs 1. 52 billion. Meanwhile, Mandakini Hydropower Limited was the top gainer today, with its price surging by 10 percent. Siddhartha Equity Fund was the top loser as its price fell by 3. 58 percent. At the end of the day, total market capitalization stood at Rs 2. 94 trillion.
KMC demolishes illegal structures of Kathmandu Mall, RB Complex
The Kathmandu Metropolitan City demolished structures constructed illegally in various places of Kathmandu. The KMC on Wednesday demolished illegal structures of Sundhara-based Kathmandu Mall and Pako New Road-based RB Complex. A team including KMC Mayor Balen Shah and Metropolitan Traffic Police Chief Mira Chaudhary among others had reached the Kathmandu Mall this morning. Earlier, the KMC had demolished illegal structures at New Baneshwor.
Gold price increases by Rs 300 per tola on Wednesday
The price of gold has increased by Rs 300 per tola in the domestic market on Wednesday. According to the Federation of Nepal Gold and Silver Dealers' Association, the precious yellow metal is being traded at Rs 95, 300 per tola today. The yellow bullion was traded at Rs 95, 000 per tola on Tuesday. Meanwhile, tejabi gold is being traded at Rs 94, 800 per tola. Similarly, the price of silver is being traded at Rs 1, 165 per tola today.
PM Deuba, UML Chair Oli meet underway at Baluwatar
A meeting between Prime Minister Sher Bahadur Deuba and CPN-UML Chairman KP Sharma Oli is underway at Baluwatar. The meeting started at 9: 45 am on Wednesday. According to a Baluwatar source, the two senior leaders are dwelling on the Truth and Reconciliation Commission and the Commission of Investigation on Enforced Disappeared Persons (third amendment) Bill, 2079 presented in the Parliament, Citizenship Bill and upcoming parliamentary and provincial elections. Law Minister Govinda Bandi had tabled the Bill on transitional justice on Tuesday. The main opposition CPN-UML has been staging the protests after the government endorsed the Citizenship Bill, which was sent back to the Parliament by President Bidya Devi Bhandari for reconsideration, without any changes. The government has decided to hold the federal and provincial elections on November 20. The UML leaders have been expressing their dissatisfaction saying the Deuba government took some decisions unilaterally without consulting the main opposition party in recent time.
Indian national nabbed for attempted rape
Police on Tuesday arrested an Indian national for attempting to rape a woman from Jahada of Morang. DSP Deepak Shrestha, spokesperson at the District Police Office, Morang, said that Mohammad Hajam (23) of Arariya, India was apprehended for trying to rape a 25-year-old woman of Jahada Rural Municipality-5. According to a preliminary investigation, Hajam tried to rape the woman when she was alone in the house. She shouted for help when Hajam tried to rape her. DSP Shrestha said that the Indian national was arrested following a complaint lodged by the family members. Further investigation into the incident is underway, police said.
US to send $3 billion in aid to Ukraine as war hits 6 months
As Russia’s war on Ukraine drags on, US security assistance is shifting to a longer-term campaign that will likely keep more American military troops in Europe into the future, including imminent plans to announce an additional roughly $3 billion in aid to train and equip Ukrainian forces to fight for years to come, US officials said, Associated Press reported.
US officials told The Associated Press that the package is expected to be announced Wednesday, the day the war hits the six-month mark and Ukraine celebrates its independence day. The money will fund contracts for as many as three types of drones, and other weapons, ammunition and equipment that may not see the battlefront for a year or two, they said.
The total of the aid package — which is being provided under the Ukraine Security Assistance Initiative and is the largest to date— could change a bit overnight, but not likely by much. Officials said that it will include money for the small, hand-launched Puma drones, the longer-endurance Scan Eagle surveillance drones, which are launched by catapult, and, for the first time, the British Vampire drone system, which can be launched off ships. Several officials spoke on condition of anonymity to discuss the aid before its public release.
Unlike most previous packages, the new funding is largely aimed at helping Ukraine secure its medium- to long-term defense posture, according to the officials familiar with the matter. Earlier shipments, most of them done under Presidential Drawdown Authority, have focused on Ukraine’s more immediate needs for weapons and ammunition and involved materiel that the Pentagon already has in stock that can be shipped in short order.
In addition to providing longer-term assistance that Ukraine can use for potential future defense needs, the new package is intended to reassure Ukrainian officials that the United States intends to keep up its support, regardless of the day-to-day back and forth of the conflict, the officials said.
NATO Secretary-General Jens Stoltenberg noted the more extended focus Tuesday as he reaffirmed the alliance’s support for the conflict-torn country.
“Winter is coming, and it will be hard, and what we see now is a grinding war of attrition. This is a battle of wills, and a battle of logistics. Therefore we must sustain our support for Ukraine for the long term, so that Ukraine prevails as a sovereign, independent nation,” Stoltenberg said, speaking at a virtual conference about Crimea, organized by Ukraine.
Six months after Russia invaded, the war has slowed to a grind, as both sides trade combat strikes and small advances in the east and south. Both sides have seen thousands of troops killed and injured, as Russia’s bombardment of cities has killed countless innocent civilians, according to Associated Press.
There are fears that Russia will intensify attacks on civilian infrastructure and government facilities in Ukraine in the coming days because of the independence holiday and the six-month anniversary of the invasion.
Late Monday, the U.S. Embassy in Ukraine and the State Department issued a new security alert for Ukraine that repeated a call for Americans in the country to leave due to the danger.
“Given Russia’s track record in Ukraine, we are concerned about the continued threat that Russian strikes pose to civilians and civilian infrastructure,” it said.
Other NATO allies are also marking the independence day with new aid announcements.
German Chancellor Olaf Scholz said his country is providing more than 500 million euros (nearly $500 million) in aid, including powerful anti-aircraft systems. The aid will also include rocket launchers, ammunition, anti-drone equipment, a dozen armored recovery vehicles and and three additional IRIS-T long-range air defense systems, the German news agency dpa reported.
The funding must still be approved by parliament, and some of it won’t be delivered until next year.
And Canada’s Prime Minister Justin Trudeau announced $3.85 million for two Ukraine projects through the Peace and Stabilization Operations Program. It includes about $2.9 million in funding for ongoing development of Ukraine’s national police force and other emergency services, and about $950,000 to help advise Ukraine’s defense ministry.
To date, the US has provided about $10.6 billion in military aid to Ukraine since the beginning of the Biden administration, including 19 packages of weapons taken directly from Defense Department stocks since August 2021, Associated Press reported.
US defense leaders are also eyeing plans that will expand training for Ukrainian troops outside their country, and for militaries on Europe’s eastern and southern flanks that feel most threatened by Russia’s aggression.
Student loan help for millions coming from Biden after delay
President Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan, Associated Press reported.
Biden has faced pressure from liberals to provide broader relief to hard-hit borrowers, and from moderates and Republicans questioning the fairness of any widespread forgiveness. The delay in Biden’s decision has only heightened the anticipation for what his own aides acknowledge represents a political no-win situation. The people spoke on the condition of anonymity to discuss Biden’s intended announcement ahead of time.
The precise details of Biden’s plan, which will include an income cap limiting the forgiveness to only those earning less than $125,000 a year, were being kept to an unusually small circle within the Biden administration and were still not finalized on the eve of the announcement.
Down-to-the-wire decision-making has been a hallmark of the Biden White House, but the particular delay on student loans reflects the vexing challenge confronting him in fulfilling a key campaign promise, according to Associated Press.
The plan would likely eliminate student debt entirely for millions of Americans and wipe away at least half for millions more. The nation’s federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data.